In this paper we study the impact of more transparency in the foreign exchange market on the ex ante expected volume of international trade. Transparency is measured by the informational content of publicly observable signals. These signals convey information about the use of policy instruments...

This study provides empirical evidence verifying the theory of price discovery for Eastern European enterprises based on their cross-listing on Western European exchanges. Despite the fact that the crosslisting behavior of companies has been analyzed very actively since the mid-70s, many...

"Vor dem Hintergrund der jüngsten Entwicklungen auf nationalen und internationalen Kapitalmärkten sind insbesondere Finanzanalysten und ihr Beitrag zu einer effizienten Informations- und Kapitalallokation verstärkt in die Kritik geraten. Börsennotierte Unternehmen betonen jedoch die Erfolg...